A veteran of the banking and investing world, Mike Santomassimo is the Chief Financial Officer at Wells Fargo, a financial services company that has more than $1.9 trillion in assets. Ranked No. 37 on Fortune's 2021 list of America's largest corporations, Wells Fargo serves one in three U.S. households and more than 10% of small businesses domestically. Reporting directly to CEO Charlie Scharf, Santomassimo leads a team of nearly 4,000 finance employees.
Santomassimo is based in New York. As CFO, he is responsible for all of Wells Fargo’s financial management functions. This includes accounting and control, financial planning and analysis, business finance functions, asset-liability management, treasury, and tax. Santomassimo, who has a long track record of being a strategic-minded finance chief with success in building and leading global finance teams, is also in charge of the company’s investment portfolios, corporate development, and investor relations. In addition to his CFO duties, he also serves on the Wells Fargo Operating Committee.
While Santomassimo joined Wells Fargo in October 2020, his career goes back more than 20 years and includes stints at some of the biggest names in finance. Most recently, he served as CFO at BNY Mellon. In this position, he was responsible for the controller, treasury, investor relations, strategic planning, corporate development, tax functions, and its leasing businesses. In addition to leading finance at BNY Mellon, Santomassimo was in charge of the company's regulatory relations, enterprise resiliency office, third-party governance, and other corporate services.
Prior to joining BNY Mellon, he spent 11 years at JPMorgan Chase. During this time, Santomassimo flourished. He held a number of key finance leadership roles, such as CFO for banking, which included investment banking (advisory and equity & debt capital markets) and treasury services. His reputation grew as he began racking up accomplishment after accomplishment, such as improving profitability and leading change in key financial reporting and planning processes. On top of that, he also worked as CFO of JPMorgan’s securities services and U.S. private banking businesses.
Earlier in his career, Santomassimo cut his teeth at Smith Barney, where he held a variety of roles, such as co-head of the strategy and finance team for the brokerage division. Education-wise, he earned an executive MBA from New York University and a Bachelor of Science in finance from American University. In addition to his work for Wells Fargo, he currently serves as a member of the board of trustees for The Peck School in Morristown, New Jersey.